Bitcoin sentiment in \’wild\’ divergence from reality as $53K BTC triggers \’extreme fear\’

Bitcoin sentiment in \'wild\' divergence from reality as $53K BTC triggers \'extreme fear\'
© Reuters

Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock.

According to the Crypto Fear & Greed Index as of Nov. 27, emotions are now at the most fearful since late September.

Crypto Fear & Greed Index. Source: Alternative.me
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
Bitcoin funding rates chart. Source: Coinglass

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